LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Nado against Aevo+0.173%50s7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$970.975% of the position

Long on Aevo Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.272%−$27 · spread now +0.173%, 7d avg −0.030%

Together, before fees−0.275%+ Points / potential airdropNado: Active · farm board−$27 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.203% dearer against Aevo than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LINK-PERP	12.985	0.0104	pay 0.0013% / 1h	31m 31s	$545K	$2K	3x
Short	Nado LINK-PERP	13.007	0.0100	get 0.0012% / 1h	31m 31s	$393K	$312K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee NadobpOrdersPrice spread, now +0.173%Rate

Funding earned: −$0.84
Price spread: +0.173% → −0.030%: $20.34
Slippage, 4 orders: −$74.49
Fee Aevo: 8 bp × 2 orders: −$16
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$77.99
Costs to cover: 0.975%
Break-even: never at this rate

Slippage from Aevo: live order book, 23 min ago; Nado: live order book, 21 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo live order book, 23 min ago	26.89 bp	43.2 bp −$43	199.6 bp −$1,996	doesn't fit	doesn't fit
Sell Nado live order book, 21 min ago	1.15 bp	7.6 bp −$8	17.6 bp −$176	doesn't fit	doesn't fit

LINK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX LINK/USD [LINK-USDC]	L −0.0089% / S +0.0166%	1h	12.984	−0.004%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	12.991	+0.049%	$493K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.984	−0.007%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.505%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	12.983	−0.015%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.992	+0.053%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.991	+0.046%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.983	−0.012%	$31K	$2K	20x	as long as short
Nado LINK-PERPshort	+0.0100%	1h	13.007	+0.173%	$393K	$312K	10x
Aster LINKUSDT	+0.0100%	8h	13.000	+0.112%	$1.3M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.992	+0.056%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.003	+0.136%	$120.7M	$300.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.005	+0.154%	$84.1M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.010	+0.193%	$27.5M	$81.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.011	+0.200%	$182K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.989	+0.031%	$128.7M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.010	+0.193%	$32.9M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.992	+0.054%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.009	+0.185%	$54.2M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.994	+0.069%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.989	+0.031%	$341K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.976	−0.068%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.980	−0.040%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.983	−0.015%	$581K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.988	+0.023%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.015	+0.231%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.983	−0.014%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.002	+0.129%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.984	−0.008%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.967	−0.140%	$636K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.992	+0.054%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERPlong	+0.0104%	1h	12.985	long leg	$545K	$2K	3x
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.996	+0.085%	$925K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.986	+0.008%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0227%	1h	12.991	+0.046%	$789K	$210K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.987	+0.017%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0357%	1h	13.021	+0.277%	$81.4M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	13.005	+0.156%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0537%	8h	13.001	+0.123%	$20.1M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0620%	1h	12.984	−0.005%	$344K	$30K	10x	as long as short